20,536 Shares in Keurig Dr Pepper, Inc $KDP Bought by Commerce Bank

Commerce Bank bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,536 shares of the company’s stock, valued at approximately $672,000.

Several other institutional investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in Keurig Dr Pepper by 290.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock worth $1,475,000 after purchasing an additional 39,156 shares during the period. PNC Financial Services Group Inc. grew its holdings in Keurig Dr Pepper by 47.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after purchasing an additional 57,797 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Keurig Dr Pepper by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock valued at $43,489,000 after purchasing an additional 47,184 shares during the period. Anchor Capital Advisors LLC raised its position in shares of Keurig Dr Pepper by 13.8% in the fourth quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company’s stock valued at $36,357,000 after purchasing an additional 157,438 shares during the period. Finally, Fidelity National Financial Inc. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $15,349,000. 93.99% of the stock is currently owned by institutional investors.

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Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $32.21 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $33.82. The company has a fifty day moving average price of $31.18 and a 200 day moving average price of $29.45. The stock has a market cap of $43.83 billion, a P/E ratio of 32.54, a PEG ratio of 1.42 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The business’s quarterly revenue was up 75.6% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. Analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Analysts Set New Price Targets

KDP has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Morgan Stanley assumed coverage on shares of Keurig Dr Pepper in a research report on Thursday, August 20th. They set an “overweight” rating and a $38.00 target price for the company. Barclays upped their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Finally, Citigroup boosted their price objective on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price of $34.94.

Check Out Our Latest Analysis on Keurig Dr Pepper

Keurig Dr Pepper Profile

(Free Report)

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.

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